From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left.
Each time you match two items, pause and think: Do the two items you linked make sense when put together based on what you learned in this course?
Question 21 options:
Real GDP
Net National Product (NNP)
The Gross National Product (GNP)
The Gross Domestic Product (GDP)
Exclude to avoid double counting
A new tire Mrs. Hager bought for her old Chevy Camaro
Transfer payments (such as Social Security, medicare, welfare programs, etc)
Real GDP per Capita
If import exceeds export
A major component of GDP
1.
The market value of all final goods and services produced within the borders of a country in a given time period.
2.
Consumption spending
3.
Trade deficit
4.
Example of final good
5.
Intermediate good
6.
= GDP plus the value of goods and services produced by American workers and businesses in a foreign country minus the value of goods and services produced by non-American owned businesses and foreign citizens living in the U.S.
7.
8.
Not included in the computation of GDP
9.
Gross National Product (GNP) less depreciation
10.
11.
Measures the value of all goods and services produced only by citizens of a given country within their own borders in a given time period.
12.
Export
13.
Trade surplus
14.
Part of government spending (G) included in computation of GDP.
15.
Gross Domestic Product (GDP) less depreciation